Multifamily Asset At 38441 5th Street West Sold For $71 Million With NorthMarq Brokers

The property asset involved in the transaction is a multifamily building located at 38441 5th Street West in the Palmdale market. The sale price was $71,000,000 for a total square footage of 213,664, resulting in a price per square foot of $332.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,000,000
• Address: 38441 5th Street West
• Market: Palmdale
• Square Footage: 213,664
• Price Per Square Foot: $332

Steven Goldstein, Jeff Benson, and Sam Neumark from NorthMarq represented the parties in this transaction, facilitating the sale of the property.